FOSL vs VXX: Correlation
How closely do Fossil Group, Inc. (FOSL) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) trade together? Their weekly returns over three years give a correlation of -0.26, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FOSL and VXX?
On 3 years of weekly data the FOSL/VXX correlation comes out at -0.26, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.39 versus -0.26 over 3 years. The 5-year figure is -0.28, and annualized covariance runs at -1439.5 %².
Among the 13 assets we track against FOSL, VXX sits near the bottom by co-movement, at rank #13. Correlation aside, the last 12 months split them widely, with FOSL ahead by 125.5 points (+75.8% versus -49.7%). Note the risk asymmetry: FOSL runs 1.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
FOSL vs VXX: side by side
| FOSL (Fossil Group, Inc.) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +75.8% | -49.7% |
| 5-year return | -60.8% | -95.6% |
| Volatility (ann.) | 92.1% | 60.9% |
| Beta vs S&P 500 | 1.49 | -3.31 |
| Max drawdown (3Y) | -65.5% | -83.3% |
| Market cap | $0.3B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FOSL | VXX |
|---|---|---|
| 2022 | -58.1% | -23.8% |
| 2023 | -66.1% | -72.5% |
| 2024 | +14.4% | -26.2% |
| 2025 | +125.1% | -42.2% |
| 2026 | +43.1% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FOSL and VXX good diversifiers for each other?
Yes. With a correlation of -0.26, FOSL and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between FOSL and VXX?
The FOSL/VXX correlation stands at -0.26 on a 3-year window (1 year: -0.39, 5 years: -0.28), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for FOSL?
Yes. With a correlation of -0.26, FOSL and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.26 mean?
On the −1 to +1 scale, -0.26 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/fosl-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/fosl-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FOSL correlations · VXX correlations
